Desjardins Forecasts Hudbay Minerals FY2028 Earnings

Hudbay Minerals Inc. (NYSE:HBM) (TSE:HBM) – Investment analysts at Desjardins issued their FY2028 earnings estimates for shares of Hudbay Minerals in a research note issued to investors on Monday, April 21st. Desjardins analyst B. Adams anticipates that the mining company will post earnings per share of $0.68 for the year. Desjardins currently has a “Buy” rating on the stock. The consensus estimate for Hudbay Minerals’ current full-year earnings is $0.79 per share. Desjardins also issued estimates for Hudbay Minerals’ FY2029 earnings at $0.77 EPS.

Several other brokerages have also recently issued reports on HBM. BMO Capital Markets started coverage on Hudbay Minerals in a research note on Wednesday, April 16th. They issued an “outperform” rating for the company. Stifel Canada upgraded shares of Hudbay Minerals to a “strong-buy” rating in a research note on Wednesday, March 19th. Finally, StockNews.com upgraded shares of Hudbay Minerals from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Four research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $14.00.

Hudbay Minerals Stock Performance

Shares of HBM stock opened at $7.55 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.86 and a quick ratio of 1.47. The business has a fifty day moving average of $7.33 and a 200 day moving average of $8.32. The firm has a market capitalization of $2.98 billion, a price-to-earnings ratio of 41.95 and a beta of 1.62. Hudbay Minerals has a 1 year low of $5.95 and a 1 year high of $10.49.

Hudbay Minerals (NYSE:HBM) (TSE:HBM) last posted its quarterly earnings data on Wednesday, February 19th. The mining company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.02). The company had revenue of $584.90 million for the quarter, compared to analyst estimates of $588.28 million. Hudbay Minerals had a return on equity of 7.29% and a net margin of 3.80%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 earnings per share.

Hudbay Minerals Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Friday, March 21st. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.007 per share. This is a boost from Hudbay Minerals’s previous semi-annual dividend of $0.01. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a dividend yield of 0.2%. Hudbay Minerals’s dividend payout ratio (DPR) is presently 5.56%.

Hedge Funds Weigh In On Hudbay Minerals

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Hudbay Minerals by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 15,267,805 shares of the mining company’s stock worth $123,852,000 after acquiring an additional 255,191 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hudbay Minerals by 14.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,662,499 shares of the mining company’s stock worth $118,874,000 after purchasing an additional 1,822,601 shares in the last quarter. Invesco Ltd. grew its holdings in Hudbay Minerals by 2.7% in the fourth quarter. Invesco Ltd. now owns 11,815,849 shares of the mining company’s stock valued at $95,708,000 after purchasing an additional 314,619 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Hudbay Minerals by 86.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 9,149,134 shares of the mining company’s stock valued at $74,105,000 after buying an additional 4,253,400 shares in the last quarter. Finally, Bank of Montreal Can increased its position in shares of Hudbay Minerals by 4.9% in the fourth quarter. Bank of Montreal Can now owns 8,065,777 shares of the mining company’s stock valued at $65,342,000 after buying an additional 374,258 shares in the last quarter. 57.82% of the stock is currently owned by institutional investors and hedge funds.

Hudbay Minerals Company Profile

Hudbay Minerals Inc, a diversified mining company, focuses on the exploration, development, operation, and optimization of properties in North and South America. It produces copper concentrates containing gold, silver, and molybdenum; gold concentrates containing zinc; zinc concentrates; molybdenum concentrates; and silver/gold doré.